Nano-technology developer Dotz Nano has partnered with Canadian-owned Recochem Inc to exclusively distribute its graphene quantum dots (GQDs) in Australia and New Zealand.
The MoU calls for a 5-month evaluation period, in which the parties will evaluate each other’s performance and the market in Australia and New Zealand.
The agreement covers the use of GQDs in all areas of applications. Dotz will supply Recochem with GQD samples, and any purchases of GQDs by customer’s will be based on pre-agreed lead time and purchase pricing and terms.
Both parties will also look to enter into a comprehensive exclusive distribution agreement by 1 June 2018.
During the evaluation period, Dotz Nano may continue sales negotiations with other parties in the territory.
“With this Agreement we are continuing to expand our reach into various geographies,” Dotz Nano’s CEO Dr. Moti Gross said.
The Australia/NZ market is a very important market with inroads into Asia. The use of our GQDs in the automotive fluids, adhesives and industrial chemicals markets as an anti-counterfeiting, brand protection and product liability protection mechanism is an added value in a large and lucrative market, and Recochem definitely is a market leader in those areas”.
Recochem is a Canadian owned, privately held company with a reputation for aggressive market penetration and a diverse distribution network. Since their inception in 1951, they have developed a strong reputation for innovation, flexibility, strong growth and socially responsible business ethics.
Shares in Dotz Nano were trading unchanged at 18c early Thursday afternoon.